Which of the following statements is true of the social responsibilities of a business? Multiple Choice Legal responsibilities are often subsumed under the idea of corporate citizenship, reflecting the

Which of the following statements is true of the social responsibilities of a business? Multiple Choice Legal responsibilities are often subsumed under the idea of corporate citizenship, reflecting the notion of voluntarily giving back to society. A firm’s ethical responsibilities go beyond its legal responsibilities. Shareholders mandatorily require a firm to perform its ethical and philanthropic responsibilities. Ethical responsibilities are the foundational building block of a firm’s social responsibility.

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